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Research Firms Blast Rules and Regs

Traders Magazine, April 2004

Gregory Bresiger

Regulation designed to encourage third-party research and protect investors may be having unintended destructive effects. That's according to officials of independent research firms. "The regulators are acting as though once size fits all. This burden is making it very difficult for firms to startup and stay in business," said Scott Cleland, CEO of the Precursor Group, who's also chairman of the some 75-member Investorside Research Association.

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